H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• H&R REIT shares crossed above its 200‑day moving average, trading as high as C$10.67 versus the 200‑day average of C$10.55 and last at C$10.56 on volume of about 509,697.
• Analysts give a consensus "Moderate Buy" (three Buys, one Hold) with an average target of C$12.00; TD Securities trimmed its target to C$11.50 while National Bank Financial maintains C$12.00.
• Fundamentals remain weak: the REIT reported C($1.19) EPS for the quarter, has negative net margin and ROE, a P/E of -3.50, low liquidity (current ratio 0.31) and high debt‑to‑equity (73.68).

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.55 and traded as high as C$10.67. H&R Real Estate Investment Trust shares last traded at C$10.56, with a volume of 509,697 shares traded.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HR.UN shares. TD Securities cut their price target on H&R Real Estate Investment Trust from C$12.00 to C$11.50 and set a "buy" rating on the stock in a research report on Tuesday, February 17th. National Bank Financial set a C$12.00 price target on H&R Real Estate Investment Trust and gave the stock an "outperform" rating in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$12.00.

H&R Real Estate Investment Trust Price Performance

The firm has a 50-day simple moving average of C$10.27 and a two-hundred day simple moving average of C$10.55. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68. The company has a market capitalization of C$2.79 billion, a price-to-earnings ratio of -3.50 and a beta of 0.68.

H&R Real Estate Investment Trust (TSE:HR.UN - Get Free Report) last posted its earnings results on Thursday, February 12th. The real estate investment trust reported C($1.19) earnings per share (EPS) for the quarter. H&R Real Estate Investment Trust had a negative return on equity of 4.16% and a negative net margin of 20.83%.The firm had revenue of C$203.75 million for the quarter. As a group, analysts predict that H&R Real Estate Investment Trust will post 1.3814956 earnings per share for the current fiscal year.

About H&R Real Estate Investment Trust

H&R REIT is one of Canada's largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties comprising approximately 21.3 million square feet.

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